Investors focused on the Business Services space have likely heard of Broadridge Financial Solutions (BR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BR and the rest of the Business Services group's stocks.
Broadridge Financial Solutions is one of 165 companies in the Business Services group. The Business Services group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BR's full-year earnings has moved 4.21% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BR has gained about 27.07% so far this year. Meanwhile, stocks in the Business Services group have gained about 11.82% on average. This means that Broadridge Financial Solutions is outperforming the sector as a whole this year.
To break things down more, BR belongs to the Outsourcing industry, a group that includes 18 individual companies and currently sits at #95 in the Zacks Industry Rank. On average, this group has gained an average of 10.30% so far this year, meaning that BR is performing better in terms of year-to-date returns.
Going forward, investors interested in Business Services stocks should continue to pay close attention to BR as it looks to continue its solid performance.